News / International

BP gets $4bn from Anadarko for oil spill costs

BP Plc has accepted a $4 billion payment from partner Anadarko Petroleum towards the Gulf of Mexico oil spill clean-up, far less than it might have won in court, but a deal that could reduce the overall cost of the disaster for the British group.

Iran to Develop Six New Persian Gulf Offshore Natural Gas Fields

The National Iranian Offshore Oil Company has announced plans to begin the development of six new offshore natural gas fields in the Persian Gulf, whose reserves are estimated at 25.7 trillion cubic feet.

Sahara and Hess bidding for offshore Ghana blocks

Nigerian company Sahara Energy Fields and US inedendent Hess are reported to be seeking exploration and production rights over blocks offshore West Keta and East Cape Three Points.

Shell drills more than 100 oil shale wells in Jordan

Royal Dutch Shell has drilled more than 100 wells in Jordan in the two years since it signed a concession agreement to explore for oil from the country's vast oil shale reserves, a person familiar with the project said.

Kenya to tender for LNG terminal

Kenya plans to float a tender by early next year to build a liquefied natural gas terminal at its Mombasa port city as it pushes to diversify its sources of electricity to meet rising demand, a senior energy official said.

Heritage Oil gains access to Libyan oil industry with acquisition of controlling interest in Sahara Oil Services Holdings

Heritage Oil has acquired a controlling 51% interest in Sahara Oil Services Holdings (SOSH) which holds the necessary long term permits and licences to provide oil field services in Libya, for cash consideration of US$19.5 million.

Eni To Bid For Iraq’s Nassiriya Oil Field Development

Italian energy giant Eni is one of four international companies in contention for Iraq's Nassiriya oilfield. The company in a statement confirmed that it would be participating in the forthcoming auction by the Iraqi oil ministry for the Nassiriya field development.

Saudi oil output at 30-year high

Saudi Arabia pumped the most oil in 30 years last month as it boosted production along with other members of the Organisation of Petroleum Exporting Countries' (Opec) including Nigeria, Angola, Iraq, Kuwait and the United Arab Emirates, the International Energy Agency said.

Eni: Zubair field to pump 1.2 million bpd by 2017

Italian firm Eni says Iraq's Zubair oilfield will reach its peak output target of 1.2 million barrels per day (bpd) by the start of 2017, following Eni's completion of its field development plan.

Technip to buy Global Industries for $1billion

French subsea specialist oilfield services firm Technip is to purchase subsea construction and pipe laying specialists Global Industries for $1.07 billion.

Page 1013 of 1123

Login

Welcome! Login in to your account

Remember me Lost your password?

Lost Password